A company based in northern Iowa’s Kossuth County is buying seven grain elevators in the northwest corner of the state.
MaxYield Cooperative is located in West Bend and already has facilities in 17 Iowa communities with 1,700 members. Spokesman Chad Meyer says the seven new elevators are being bought from the Andersons, a publicly-traded agribusiness company based in Ohio.
“The seven facilities in northwest Iowa were attractive to MaxYield because we already have locations near there,” Meyer says. “There’s a significant number of farmers in that area that we work with already. It’s a great opportunity for many of those farmers to have more access to grain and ag services.” Meyer says when the purchase is complete on May 1st, it will be “business as usual” at the new facilities.
“Don’t expect a lot of change, since it’ll be a busy time for us and for our farmer members,” Meyer says. “There might be some changes down the road but any changes that would be made would be with the farmer and client service in mind.” The company will have 24 locations once this sale is complete. The seven elevators joining the MaxYield co-op are located in: Spencer, Milford, Everly, Superior, Gruver, Langdon and Greenville. MaxYield was founded in 1915 in West Bend.
(By Jerry Oster, WNAX, Yankton)